BRUSSELS/STRASOURG (Reuters) – The European Commission agreed on Tuesday to set up a new fund with 21 billion euros ($26 billion) of capital that it hopes can unlock some 300 billion euros of largely private investment over three years to create a million jobs.
The European Fund for Strategic Investment (EFSI) will be presented to the European Parliament in Strasbourg on Wednesday by Commission President Jean-Claude Juncker, who pledged before taking office this month to drive 300 billion euros into infrastructure projects to revive growth.
BRUSSELS, Nov 24 (Reuters) – The European Commission is
likely to decide to shift some of its budget into special
financial instruments to promote private investment when it
meets on Tuesday to agree a plan that can boost EU economic
growth, a source familiar with the issue said.
Rather than raising new funding from cash-strapped member
states, the focus will be on reworking the EU’s existing budget
to spend less on simple grants for investment and put more money
into special funds designed to provide high-risk capital for
infrastructure projects that can then attract private financing.
BRUSSELS (Reuters) – The European Union’s top official for digital markets said on Monday he was concerned that big tech companies may be abusing dominant positions, but he also said investigations into Google must not be rushed.
As sponsors of a European Parliament motion seeking action to rein in Google played down suggestions the U.S. Internet search firm should be broken up, European Commission Vice President Andrus Ansip told Reuters that he suspected some major companies were abusing their power in the digital market.
BRUSSELS (Reuters) – The European Union’s new digital tsar voiced alarm on Monday at the efforts of some EU governments to water down equal Internet access, just as EU plans for “net neutrality” were being echoed in the United States by Barack Obama.
Andrus Ansip, the former Estonian prime minister who this month became Vice President for the Digital Single Market in the European Commission, told Reuters he was “really worried” by new proposals from states to let Internet service providers offer, to some degree, different data speeds to different customers.